Will This SPAC Deal For Vinfast Electric EV Maker Make Money For Us? | Let's Discuss The Valuation
Join the Discord! 😃Join Discord to get access to perks:👇 2 ways to join www.patreon.com/bullmarketwatch / @ipomarketwatch ---------------------------------------------------------------------------------------------------------------- #ipomarketwatch #stockmarket #finance Vietnamese EV maker VinFast (VFS) plans to go public through a deal with SPAC Black Spade Acquisition (NYSE:BSAQ), a transaction that will value the company at an equity value of about $23 billion. Including debt, the EV maker will be valued at around $27 billion, according to a statement from SPAC Black Spade. VinFast (VFS) shareholders will own ~99% of the combined entity following the deal, which is expected to close in the second half of this year. The SPAC deal comes after VinFast (VFS) late last month reportedly delayed a US IPO of about $1 billion due to poor market conditions, according to an IFR report. VinFast (VFS) filed for a proposed IPO in the US in December to help raise cash to expand into the North American and European markets. The story was earlier reported by Bloomberg. Based in Vietnam, VinFast is a maker of electric SUVs, scooters and buses. The company, which is majority owned by Vietnamese conglomerate Vingroup, completely transitioned from making traditional gas-powered cars to EVs in 2022. ⚫TWITTER / watch_ipo My YouTube channel focuses on providing in-depth analysis and reviews of stocks on the stock market. My videos cover a range of topics, including new stocks to buy tips, detailed stock analysis, and reviews of initial public offerings (IPOs). My aim is to provide viewers with valuable insights and information on the stock market. It's difficult to say which stock will be the best investment in 2023, as the stock market can be highly unpredictable and can be affected by a wide range of factors, both known and unknown. That being said, some stocks may be a better investment than others based on a variety of factors, such as the company's financials, management team, industry trends, and macroeconomic conditions. One strategy for selecting stocks to invest in is to look for companies that have a strong track record of financial performance, a solid management team, and a clear and sustainable competitive advantage. Additionally, it is good to look into industries that are likely to grow in the next year, such as those related to technology, healthcare, and clean energy. It is always important to diversify your investment portfolio and not put all your eggs in one basket, by investing in multiple stocks, bonds and other assets. It's also worth noting that it is important to do your own research and due diligence before making any investment decisions. It's also important to remember that past performance does not guarantee future results and investing in the stock market always carries risk. It is always a good idea to consult with a financial advisor or professional before making any investment decisions. 🔥 Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence. Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favour of fair use.
